Examlex
Describe the "IF" function in Excel.
Sight Draft
A financial document that demands immediate payment upon presentation to the drawee, often used in international trade.
Time Draft
A written order to pay a specified amount of money at a certain time in the future, often used in international trade.
Banker's Acceptance
A short-term financial instrument issued by a company that is guaranteed by a commercial bank. It is commonly used in international trade.
Commercial Draft
An instrument used in international trade where the seller instructs the buyer to pay a specified amount of money at a specified time.
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